Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Sweden
Index 2015=100, Not Seasonally Adjusted
ULQEUL01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.80
Year-over-Year Change
4.08%
Date Range
1/1/1993 - 4/1/2023
Summary
This economic trend measures the Producer Price Index (PPI) for the U.S. Economy, Not Seasonally Adjusted. The PPI is a key indicator of inflation and producer price dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Producer Price Index (PPI) tracks the average change in selling prices received by domestic producers for their output. It is a widely-followed economic indicator used to analyze inflationary pressures and producer pricing power.
Methodology
The data is collected through surveys of U.S. producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor PPI trends to inform monetary policy and analyze the state of the economy.
Key Facts
- The PPI has a base year of 2015 = 100.
- PPI is not seasonally adjusted.
- The PPI is a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Producer Price Index (PPI), which tracks the average change in selling prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a widely-followed economic indicator used to analyze inflationary pressures and producer pricing power, which is relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor PPI trends to inform monetary policy and analyze the state of the economy.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the U.S. Bureau of Labor Statistics with a typical 2-week release delay.
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Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQEUL01SEQ661N), retrieved from FRED.